690 Towne Center Boulevard, Ridgeland

Offices -

For Sale:

7,000/SF on 1st floor and 300/SF unfinished on 2nd floor.

Over $100,000 was spent upgrading the building in October and November, 2024!

LOTS of new items added and building is in outstanding condition.

Building contains a fire sprinkler system which helps lower insurance cost.

A 64-month modified gross lease was executed with a 25+ year established law firm. The lease begins September 1, 2025 and has a rent increase after the 28th month.

Tenant pays utilities, janitorial and communication expenses.

List price: $1,195,000

The average cap rate for the lease term is +/- 9.6% with the cap rate being +/- 10% for the final 3 years of lease.

Call Hugh Johnson, Broker, today at 601-506-4549 for more information.